Capital One Offers Another Way for Venture and Spark Miles Cardholders to Maximize Rewards with Launch of New Miles Transfer Benefit

Capital
One Venture and Spark Miles customers can already redeem their miles at any
time (with no blackout dates) on any travel-related purchase.Starting in December, they will also be able
to transfer their miles to airlines, giving our customers another way to get
maximum value and flexibility from their rewards.

Venture and Spark Miles
customers earn unlimited 2 miles per dollar on every purchase, which can be
redeemed on any travel-related expenses (flights, hotels, rental cars, cruises,
etc.). Now that Capital One has joined with travel loyalty partners,
cardholders will also have the option to transfer their miles to 13 airlines,
which can then be redeemed to book airline award tickets (including first and
business class), access points transfer promotions from leading travel brands,
top off mileage accounts to maximize redemptions, upgrade existing bookings,
and more.

"We know our customers are passionate about traveling and saving
money," says Lauren Liss, VP, U.S. Card at Capital One. "We added this benefit to help Venture
cardholders maximize their rewards and enhance their travel experiences, so
that they can enjoy even more flexibility and value."

Cardholders of Capital One Venture, VentureOne, Spark Miles, and
Spark Miles Select cards can earn up to 1.5 travel loyalty points on every
dollar they spend with their card. Miles can be transferred at a rate of 2 Capital
One miles to 1.5 loyalty points to the following 12 travel loyalty programs: Aeromexico
(Club Premier), Air Canada (Aeroplan), Air France KLM (Flying Blue), Alitalia
(MilleMiglia Program), Asia Miles, Avianca LifeMiles, Etihad Airways (Etihad
Guest), EVA Air (Infinity MileageLands), Finnair (Finnair Plus), Hainan
Airlines (Fortune Wings Club), Qantas (Qantas Frequent Flyer) and Qatar Airways
(Privilege Club). We also plan to add more travel loyalty partners on an
ongoing basis.

[1] To be eligible for a statement credit you
must use your U.S. issued Capital One Venture card on or after June 12, 2018,
to either complete the Global Entry application and pay the $100 application
fee, or complete the TSA Pre✔® application and pay the $85 application fee. A statement credit will
be processed after the Global Entry program application fee OR TSA Pre✔® application fee (whichever program is
applied for first) is charged to your Capital One Venture card. Application
fees charged to a Venture card on or before June 11, 2018, to a Capital One
VentureOne card, any Capital One card that is not a Venture card, or paid for
with PayPal are not eligible. You are eligible for either: one (1) $100
statement credit per account, OR one (1) $85 statement credit per account,
every 4 years in connection with the Global Entry or TSA Pre✔® program application fee. Cost of
application fees as of June 2018. Statement credit amount may vary if
application fees change. The statement credit will be posted to your account
within 1- 2 billing cycles of the Global Entry or TSA Pre✔® program application fee being charged
to your card. Your Venture card account must be open and in good standing at
the time of statement credit fulfillment. Global Entry is a U.S. Government program,
operated by U.S. Customs and Border Protection (CBP). TSA Pre✔® is a U.S. Government program, operated
by the U.S. Transportation Security Administration (TSA). Capital One has no
control over either program including, but not limited to, applications,
approval process or enrollment, or fees charged by CBP or TSA, and no liability
regarding the Global Entry or TSA Pre✔® programs. For complete details on the Global Entry program, including
full terms and conditions, go to globalentry.gov. For complete details on the
TSA Pre✔® program, including
full terms and conditions, go to tsa.gov. Websites and other information
provided by government agencies are not within Capital One's control. The TSA
Pre✔® trademark is used
with the permission of the U.S. Department of Homeland Security.